Diana Shipping reduces losses
(Posted on 14/05/18)
Diana Shipping Inc. has reported a net loss of $3.1 million and net loss attributed to common stockholders of $4.5 million for the first quarter of 2018, compared to a net loss of $26.5 million and net loss attributed to common stockholders of $27.9 million reported in the first quarter of 2017. Time charter revenues were $48.4 million for the first quarter of 2018, compared to $31.3 million for the same period of 2017. The increase in time charter revenues was due to increased average time charter rates that the Company achieved for its vessels during the quarter and increased ownership days resulting from the enlargement of the fleet.
Diana Shipping specialises in the ownership of dry bulk vessels. As of 10th May 2018 the company’s fleet consists of 50 dry bulk vessels (four Newcastlemax, 14 Capesize, five Post-Panamax, five Kamsarmax and 22 Panamax). As of the same date, the combined carrying capacity of the fleet is approximately 5.8 million dwt with a weighted average age of 8.71 years.
The fleet is managed by a wholly-owned subsidiary Diana Shipping Services S.A. and an established 50/50 joint venture with Wilhelmsen Ship Management named Diana Wilhelmsen Management Limited in Cyprus.
Latest News
Potential officer shortage looms
(Posted on 29/07/21)Launched this week, the new Seafarer Workforce Report from BIMCO and the International Chamber of Shipping... Read more
DNV backs crew change programme in SE Asia
(Posted on 29/07/21)DNV, the world’s leading classification society and risk management expert, is embarking on an... Read more
IMI and Columbia sign cooperation agreement
(Posted on 29/07/21)International Maritime Industries (IMI), the largest maritime yard in the Middle East and North Africa... Read more
Ocean Technologies helps seafarers minimise distractions
(Posted on 26/07/21)Distractions are recognised as one of the biggest causes of human error resulting in incidents, accidents... Read more
The BMA recognises first mental health training course
(Posted on 26/07/21)The Bahamas Maritime Authority (BMA) has announced that it has recognised the Seafarer Mental Health... Read more
ClassNK grants innovation endorsement Tsuneishi
(Posted on 20/07/21)Leading Classification Society ClassNK granted its first Innovation Endorsement “Provider Certification... Read more
Jamaica’s successful women can serve as an example
(Posted on 20/07/21)World shipping can learn a lot from Jamaica when it comes to equality in the maritime workplace because... Read more
DNV verifies Survitec’s new firefighting foam tests
(Posted on 15/07/21)Classification society DNV has issued a verification statement allowing global survival technology specialist... Read more
METIS contributes digital expertise to EU sustainability project
(Posted on 15/07/21)METIS Cyberspace Technology is contributing to an EU-backed project that will test clean energy solutions... Read more
Wärtsilä launches major carbon-free solutions test programme
(Posted on 15/07/21)The technology group Wärtsilä continues to lead the ongoing transformation of the energy and... Read more
